Tag: Retail industry

Hugo Boss, the German luxury fashion house, saw its stock drop by 9% after revising its sales guidance for 2024 due to a decline...

Saks Fifth Avenue parent company, HBC, has announced its acquisition of Neiman Marcus Group in a $2.65 billion deal. This merger will bring together...

Forever 21, a well-known fast-fashion retailer with over 380 stores in the U.S., is facing financial struggles and seeking rent concessions from landlords. The...

Apple has announced that it will no longer be offering loans through its buy-now-pay-later program, Apple Pay Later, in the United States. This decision...

At the recent Fed meeting, Chairman Powell briefly mentioned consumer spending, but the focus was mainly on inflation and the Fed's dot plot. The...

This week, Wall Street experienced a rare midweek holiday with the stock and bond markets closed for the Juneteenth Holiday on Wednesday. The four-day...

Costco's CFO Addresses Speculation Surrounding $1.50 Hotdog-Soda Combo Amid Soaring EarningsIn a recent earnings report for fiscal Q3 2024, Costco revealed impressive numbers, with...

China's Yiwu Experiences Increase in Orders as Paris 2024 ApproachesIn anticipation of the upcoming Paris 2024 Olympics, China's Yiwu city has seen a significant...

Abercrombie & Fitch Experiences Sales Surge Amid 1990s RevivalAbercrombie & Fitch, a brand synonymous with the 1990s, is making a remarkable comeback with a...

UK Stocks: Frasers Group (FRAS) Increases Investment in Hugo BossIn a recent development in the UK stocks market, Frasers Group PLC has announced a...